Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Fight for the Lotte Group Between the Shin Brothers Again?

Lotte Holdings Controlling Stake Battle Dynamics: Short Holdings

Lotte Now Gives the Opportunity of a Stub Trade

Lotte Shopping - Biggest Ever Restructuring Measures in Its 50 Years of History

Event-Driven

We now have a fresh round of Lotte's family feud. The elder brother, Shin Dong-ju, made a shareholder proposal to remove his brother, Shin Dong-bin, from his post at Lotte Holdings Japan.<a href="https://biz.chosun.com/site/data/html_dir/2020/04/28/2020042802253.html" target="_blank" rel="noopener">Here is the link to the news report about SDJ making a shareholder proposal.</a>Unsurprisingly, it immediately created a spark in the market. <a href="https://www.smartkarma.com/entities/lotte-corporation" target="_blank" data-smartkarma-citation="entities:16050:1" rel="noopener">Lotte Corporation (004990 KS)</a> eventually hit the daily ceiling today (+30%) on the expectation that we may see a Hanjin Kal-like price movement.<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/130/219/original/2.png?1588072107" class="editor-image img-responsive" data-smartkarma-image-id="130219"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/130/220/original/chart%20%281%29.png?1588072252" class="editor-image img-responsive" data-smartkarma-image-id="130220"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/130/221/original/chart.png?1588072262" class="editor-image img-responsive" data-smartkarma-image-id="130221"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/130/222/original/3.png?1588072269" class="editor-image img-responsive" data-smartkarma-image-id="130222"></figure><a href="https://biz.chosun.com/site/data/html_dir/2020/04/28/2020042802253.html" target="_blank" rel="noopener"></a>

We now have a fresh round of Lotte's family feud. The elder brother, Shin Dong-ju, made a shareholder proposal to remove his brother, Shin Dong-bin, from his post at Lotte Holdings Japan.Here is the link to the news report about SDJ making a shareholder proposal.Unsurprisingly, it immediately created a spark in the market. Lotte Corporation (004990 KS) eventually hit the daily ceiling today (+30%) on the expectation that we may see a Hanjin Kal-like price movement.

Lotte Holdings: Another Hanjin Kal Story?

LOTTE Corporation

Lotte Holdings: Another Hanjin Kal Story?